Post demonetisation hullabaloo is still fresh in our minds. It was no surprise that money found its way across all dormant accounts in India. This saw a sudden inflow in highest amount of cash through reactivating dormant accounts. This led to the Reserve Bank of India (RBI) to come up with a direction for Indian banks. On December 6, 2016, the RBI mandated banks to follow strict procedure for reactivation of dormant accounts only after proper due diligence and verification of account holders. A report published by the World Bank states that, about 43 per cent of the total bank accounts in India are dormant even though bank account penetration has surged in the country in the recent past